Reference no: EM13937720
QUESTION:
- The file Shanes Special Shoes Transactions and Balance Day Adjustments contains information from the various source documents that relate to the transactions that have occurred in the month of July 2015.
- The file MAA261 Part 1 Shane's Special Shoes Pro Forma Journals and Ledgers contains the journals, ledgers, schedules, trial balance, bank reconciliation and final reports. Note that this file is supplied in "word" format so that if you need to adjust the columns or add ledgers 1. Using the information provided in the Shane's Special Shoes Transactions and Balance Day Adjustments, record all transactions for the month of July in the appropriate:
a. Journals (general journal or special journals)
b. Subsidiary ledgers and in the records of MAA261 Part 1 Shane's Special Shoes Pro Forma
- Please acquire a thorough understanding about the recording process before you enter transactions (please refer the relevant lecture notes and the text book for further information).
2. At the end of the month, enter the totals in various columns of the special journals and post the totals to the relevant accounts in the General ledger. Post all balance day adjustments to General Journal
3. Prepare the trial balance. If the trial balance does not balance do not
4. Using the respective subsidiary ledgers, complete the Schedule of Accounts Receivable, Schedule of Inventory and Schedule of Accounts Payable. Ensure the totals agree with the balance in the control accounts.
5. Prepare an Income Statement for the month ended 31st July 2015, Bank Reconciliation Statement as at 31st July 2015, Statement of Changes in Equity for the month ended 31st July 2015, and a Statement of Financial Position as at 31st July 2015.
Attachment:- Assignment.rar
|
What does the analysis tell you about overall profitabity
: What does this analysis tell you about the overall profitability of Accent Company over the 5-year period? What does this analysis tell you about what has happened to Accent's amount of debt over the past 5 years?
|
|
Counting and boolean algebra
: Counting and Boolean Algebra 1. Given that there are 100 elements in A1, 1000 in A2, and 10, 000 in A3, find the number of elements in A1 ∪ A2 ∪ A3 in each of the cases below.
|
|
Which method of computing net income will result
: Which method of computing net income will result in the higher net income? Why?
|
|
What output will be produced if the exception is thrown
: What output will be produced if the exception is thrown with the constructor with parameters with the following actual parameter?
|
|
Complete the schedule of accounts receivable
: The respective subsidiary ledgers, complete the Schedule of Accounts Receivable, Schedule of Inventory and Schedule of Accounts Payable. Ensure the totals agree with the balance in the control accounts.
|
|
If a company produces less than it sells
: Which method of computing net income will result in the higher net income? Why?
|
|
Write a method called check value
: Get input for the starting number (assume important statement is already present)
|
|
Explain how fixed manufacturing costs are treated
: Explain how fixed manufacturing costs are treated under variable costing. How are fixed manufacturing costs treated under full costing?
|
|
Laws for boolean algebras to convert
: Given that there are 100 elements in A1, 1000 in A2, and 10, 000 in A3, find the number of elements in A1 ∪ A2 ∪ A3 in each of the cases below.
|